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Pepe, Stacks | Crypto Gainers and Losers | June 24, 2023

Photo for the Article - Pepe, Stacks | Crypto Gainers and Losers | June 24, 2023

In this article, we will be looking at the top five gainers and losers of the week, providing a brief description of each cryptocurrency and its performance. All data is accurate as of June 24, 2023, on Coingecko.

The Big News: 

  1. Abra Suspends Retail Services in the U.S. Amid Fraud Allegations | BitPinas
  2. Finblox Teams Up With OpenEden to Launch Tokenized US Treasury Bill 
  3. How to Make Money with Meme Coins and Become a Millionaire

Top 5 Crypto Gainers of the Week

Pepe (PEPE)

What is it: A deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.

PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE coin.

  • Current price: $0.00000155
  • Price change in the past 7 days: +74.4%
  • Market cap: $608,345,780
  • Trading volume: $481,665,096

Latest News: Pepe Crypto Hits Major Milestone with 125k+ On-Chain Holders 

Stacks (STX)

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What is it: The native coin of Stacks, a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

  • Current price: $0.790185
  • Price change in the past 7 days: +49.4%
  • Market cap: $1,111,792,258
  • Trading volume: $80,158,231

Latest News: Stacks (STX) surges as Bitcoin NFT hype grows, but its blockchain activity raises concern 

Conflux (CFX)

What is it: The native token of Conflux, a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and web3 infrastructure by being more scalable, decentralized, and secure than existing protocols.

  • Current price: $0.261984
  • Price change in the past 7 days: +43.4%
  • Trading volume: $136,938,214

Latest News: ‘Chinese Ethereum’ Conflux Draws Spotlight as Hong Kong Welcomes Retail Traders

Centrifuge (CFG)

What is it: The governance token of Centrifuge, a decentralized asset financing protocol. It connects decentralized finance (DeFi) with real-world assets (RWA) while trying to lower the cost of capital for small and mid-size enterprises (SMEs) and provide investors with a stable source of income.

The main goal of the project is to generate profits that are not tied to volatile crypto assets; the developers are pursuing the task of transferring real monetary value from fiat to cryptocurrencies.

  • Current price: $0.246068
  • Price change in the past 7 days: +42.1%
  • Market cap:$88,960,781
  • Trading volume: $706,131

Latest News: Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt 

Wrapped Centrifuge (WCFG)

What is it: The wrapped version of WCFG.

  • Current price: $0.245006
  • Price change in the past 7 days: +41.7%
  • Market cap: $26,272,999
  • Trading volume: $297,967

Latest News: Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt 

Top 5 Crypto Losers of the Week

TomoChain (TOMO)

What is it: The utility token of TomoChain, a project that attempts to improve the scalability of the Ethereum (ETH) blockchain. This is primarily done via increasing its transactions per second (TPS) capacity.

  • Current price: $1.24
  • Price change in the past 7 days: -17.5%
  • Market cap: $125,765,271
  • Trading volume: $12,696,037

Latest News: TomoChain Announces Partnership With AEX 

tomiNET (TOMI) 

What is it: The in-chain currency of tomi, a project engaged in the development of a decentralized alternative internet network to be used as the infrastructure platform for web3.

  • Current price: $4.46
  • Price change in the past 7 Days: -13.4%
  • Market cap: $291,164,447 
  • Trading volume: $26,907,539

Latest News: tomi Announces The First Privacy Stablecoin With Its Upcoming Privacy Layer 

Coinweb (CWEB)

What is it: The governance token of Coinweb, a cross-chain computation platform that aims to deliver true interoperability for real-world usage. To achieve this, the project is already working with and actively approaching traditional businesses with mass customer bases to collaborate with.

  • Current price: $0.02644286
  • Price change in the past 7 Days: -8.8%
  • Market cap: $44,364,013
  • Trading volume: $366,445

Latest News: Coinweb.com Launches the Most Comprehensive Comparison Platform in the Cryptocurrency Sector 

KuCoin (KCS)

What is it: The native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets.

  • Current price: $6.67
  • Price change in the past 7 Days: -7.4%
  • Market cap: $575,732,330
  • Trading volume: $1,373,140

Latest News: KuCoin sees $20 million outflow in 24 hours traders speculate the exchange is next after Binance 

BitTorrent (BTT) 

What is it: The native token of BitTorrent, a popular peer-to-peer (P2P) file-sharing and torrent platform which has become increasingly decentralized in recent years. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018.

  • Current price: $0.000000473772
  • Price change in the past 7 Days: -7.2%
  • Market cap: $452,293,614
  • Trading volume: $13,788,351

Latest News: Justin Sun says TRON and BitTorrent are exploring zkEVM 

This article is published on BitPinas: PEPE, Stacks  | Crypto Gainers and Losers | June 24, 2023

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.